Answer:
The money multiplier of the economy is 20
Explanation:
Money multiplier is the term of economics which is defined as the maximum amount, the money supply could rise grounded on the increase in the reserve in the system of banking.
The formula used for computing the money multiplier is as:
Money Multiplier = 1 / r
where
r is the reserve ratio that is 5%
So, putting the same value above:
Money Multiplier = 1 / 5%
Money Multiplier = 20
Quality best represents to reduce the likelihood of a product recall
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Answer:
a) Net income of $35,800
b) Net income of $45,000
c) Net loss of $23,000
d) Net income of $23,950
Explanation:
Net income is the difference between the revenue and expense.
Where revenue is more than expense, we have a net income otherwise, a net loss.
a) Net income = $71,300 - $35,500
= $35,800
b) Net income = $220,500 - $175,500
= $45,000
c) Net loss = $149,000 - $172,000
= - $23,000
d) Net income = $198,150 - $174,200
= $23,950
<span>Age test, because both of her children are over 18, they are both full time students and they both live at college during the school year. So she can not claim them they dont live with her and they are both dependent on there self, by living at the college full time when school is in and by being over the age of 18.</span>
Answer:
The amount of accumulated depreciation on the equipment shown in
the company's December 31, 2022 balance sheet is $16,500.
Explanation:
<em>Depreciation Expense (Units of Production) = (Cost - Residual Value) × (Period`s Production / Total Estimated Production)</em>
2021.
Depreciation Expense = ($74,000 - $8,000) × ( 11,000 units / 120,000 units )
= $6,050
2022
Depreciation Expense = ($74,000 - $8,000) × ( 19,000 units / 120,000 units )
= $10,450
Accumulated Depreciation - December 31, 2022
2021 = $6,050
2022 = $10,450
Total = $16,500